QQQ is showing early signs of short-term weakness as momentum begins to shift. The Aroon Oscillator has turned negative, signaling a potential transition from an uptrend into a pullback phase, while RSI remains below the midpoint near 40—indicating there is still room for downside before reaching oversold conditions.

This combination suggests bearish momentum is building rather than exhausted. For options traders, this may favor short-term bearish strategies, with a focus on confirmation through continued weakness or failed bounces before expecting the next move.
Wishing you the best,
Wendy

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